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What is the deadline for tax savings?

Curious about tax savings

What is the deadline for tax savings?

The deadline for tax savings in India is typically March 31st of the financial year. For example, if you want to save taxes for the financial year 202223, the deadline for making taxsaving investments would be March 31st, 2023. It's important to note that some taxsaving investments, such as Equity Linked Saving Schemes (ELSS), have a lockin period of three years, so you would not be able to withdraw the funds before the end of the lockin period. It's always a good idea to plan your tax savings well in advance to avoid lastminute rush and to make sure you can take advantage of all the available taxsaving options.

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